Sri Lanka customs recorded a collection of more than 24 billion LKR within a day marking the highest revenue earned in a day in its history starting in 1806 (Ref. SL Customs). Sri Lankan ports from Delft Island to ‘Godawaya’ have been collecting revenue for centuries from international trading with Romans, Persians, Indians, Chinese &…
Sri Lanka’s export sector continued to demonstrate resilience and steady growth during the period of January to September of 2025, recording total earnings of USD 12,986.52 Mn. This reflects a strong 7 % increase compared to the corresponding period in 2024. In September 2025 alone, total exports, comprising both merchandise and services reached to USD…
The global gemstones market continues to demonstrate robust growth momentum, driven by evolving consumer preferences, technological advancements, and increasing affluence in emerging economies. According to new market intelligence, the gemstones market size was valued at USD 58,291.02 million in 2023 and is anticipated to reach USD 101.01billion by 2032, expanding at a compound annual growth…
Sumsub Releases 2nd Global Fraud Index In Collaboration With Statista, Studying Fraud Trends Across 100+ Countries Index reveals that Europe leads in fraud protection, while the U.S. and many Asian countries see major declines. Sumsub, a global verification and anti-fraud leader, released the second edition of its Global Fraud Index, produced in collaboration withStatista, CryptoUK, Digital Assets Association, Vixio Regulatory Intelligence, and…
Asia-Pacific Falls Behind in Fraud Protection, According to Sumsub’s 2nd Global Fraud Index APAC drops to fourth place amid rising fraud exposure, trailing Europe, the Middle East, and the Americas Key markets, including Singapore, Malaysia, and Japan, experiencing significant declines in their rankings Singapore tops the Government Intervention pillar globally, despite an overall decline in…
By Ferdous Mottakin, Head of Public Policy & Government Relations for South Asia at TikTok When I think about the potential of digital platforms, I don’t see them as just platforms for trends or entertainment. I see them as potential bridges for connecting young minds with each other to share ideas, knowledge, and opportunities. In…
In terms of Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Central Bank of Sri Lanka released its annual Financial Stability Review (FSR) for 2025. This statutory report provides an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines…
Prof. Samitha Hettige Chinese President Xi Jinping recently attended a grand event to celebrate the 70th anniversary of the founding of the Xinjiang Uygur Autonomous Region in Urumqi (capital of Xinjian). More than those who flag ‘Human Rights’ in Xinjiang (due to anti China politics), Sri Lankans thinking of the 76 year curse may read…
Sri Lanka’s export sector continued to demonstrate resilience and steady growth during the first eight months of 2025, recording total earnings of US$ 11,554.32 Mn. This reflects a strong 6.61% increase compared to the corresponding period in 2024. In August 2025 alone, total exports, comprising both merchandise and services reached to US$ 1,607.58 Mn, recording…
By Prof. Samitha Hettige The Presidents’ Entitlements (Repeal) Bill was passed in Parliament. It repealed the Presidents’ Entitlements Act, No. 4 of 1986. Accordingly; residences provided, allowances paid, transport provided, monthly pension paid to the widow of a former President etc. will be abolished (Ref. Parliament.lk). Although ‘Gen – Z’ may not remember, some may…
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